In a move aimed at streamlining the management of Vietnam’s national domain names, the Ministry of Information and Communications (MOIC) has introduced a draft decree outlining several key provisions related to the registration and usage of “.vn” domain names. These proposed regulations, if enacted, would bring about significant changes in the process of domain name…
Enforcement of civil judgments is an essential process in the legal system of Vietnam, ensuring fairness and the execution of court decisions. However, to ensure effectiveness and specificity in the enforcement of judgments, relevant parties need to pay attention to the prescriptive period for requesting enforcement of civil judgments in Vietnam. Article 30(1) of Consolidated…
Information from the Vietnam Association of Seafood Exporters and Producers (VASEP) reveals that the U.S. Department of Commerce (DOC) announced preliminary countervailing duty rates for shrimp imports from Vietnam, India, and Ecuador on March 25, 2024. Three out of the four largest shrimp suppliers to the U.S. will face preliminary countervailing duties ranging from 1.69%…
In March 2024, Formosa and Hoa Phat submitted applications to initiate an anti-dumping investigation against hot-rolled coil steel imported from China, citing that Chinese enterprises’ dumping of steel products in the Vietnamese market threatens the domestic manufacturing industry. However, while Chinese companies have not responded, seven Vietnamese steel producers have voiced opposition, stating that there…
On March 22, 2024, the Canada Border Services Agency (CBSA) announced that it would conduct reviews of anti-dumping and countervailing duties on upholstered domestic seating products originating from Vietnam and China. The CBSA has initiated a normal value review to establish normal values, export prices, and the amount of subsidies applicable to upholstered domestic seatings…
The State Bank of Vietnam (SBV) has taken proactive steps to adapt to the rapidly changing domestic and international market conditions by revising a crucial circular governing foreign currency transactions. To enhance flexibility and initiative in managing monetary and exchange rate policies, the SBV’s move signifies a strategic response to the dynamic nature of the…
On March 19, 2024, two steel manufacturing enterprises in Vietnam, including Hoa Phat Group and Formosa Ha Tinh Steel Corporation, sent a request to initiate an anti-dumping investigation to the Trade Remedies Authority of Vietnam regarding HRC products imported from China into Vietnam. The reason for this request is the sudden increase in imported steel…
The draft Law on Value-Added Tax (amended) and the draft Decree guiding the detailed implementation of the Law on Value-Added Tax (amended) are currently under review by the Ministry of Finance. This draft proposes applying a 10% VAT tax to most exported services (except for some specifically regulated services). If Vietnamese exported services are subject…
Since the start of 2024, Brazil has conducted several anti-dumping investigations against products originating from China. It is anticipated that with Chinese businesses facing challenges in trading with the largest economy in Latin America, this will be a good opportunity for Vietnamese enterprises to replace them and establish long-term and sustainable cooperation with Brazil. The…
On March 19, 2024, the Directorate General of Trade Remedies (DGTR) of India issued an anti-dumping questionnaire for textured tempered coated and uncoated glass products originating from or imported from Vietnam and China, in accordance with the Customs Tariff Act of 1975 to investigate the existence, extent, and impact of the alleged dumping. Some information…